Is a 5% mortgage rate too high? Is there really a housing crisis? Are we blind to history?

These are 3 questions we will try to help you understand in this short movie.

For the last 5 or 6 months, house prices have been in decline, but then, in September ...

This report covers the real estate predictions as well as the mortgage predictions

Market predictions for the Ottawa Market 2022 and into 2023

Patrick Walchuk gives you the predictions of where the Ottawa Market will go, as well as some information about the rental market, immigration and employment in the ...

Mortgage Market Update and News about the Qualifying Stress Test rate increase

Eric Fabien from OttawaMortgaeShop.com gives us an update regarding the new stress test for qualifying for a mortgage, as well as giving us the current rates for a variable and fixed rate mortgage.

• Variable Rate Mortgage Today ...

Marc Menard from OttawaMortgageShop.com gives us an update on current mortgage rates and answers questions that buyers ask most often.

Time stamps

0:00 Intro

0:25 Current mortgage rates for 3 and 5 year variable and fixed terms

1:41 Where are mortgage rates heading in 2021, looking ...

Who sets the mortgage rates and what influences the current rates we see?

Eric Fabien from OttawaMortgageShop.com talks to Patrick Walchuk and they discuss who sets the mortgage rates, how they set them and what influences the changes in mortgage rates.

Timestamps

0:00 Intro

0:44 Who determines ...

New Rules In Effect Jan. 1st Will Affect Your Buying Power & Your Ability To Refinance Your Home!

I heard that the new stress test will devalue what someone can afford by 21%. So if one planned to buy a house at $400,000, they may be looking at just ...

How much Principal are you really paying towards your mortgage versus Interest?

This is a real-life scenario, using the actual Average Price for a home as of May 2017. We are using a 25 year Amortization for a Mortgage with an Interest Rate of 2.8% & a 5 Year ...

What do new mortgage rules mean for a new buyer?

We've had a lot of questions from buyers regarding the new rules that come into effect on October 17th 2016. After this date there will be different rules for qualifying for your mortgage, as well as the amount of ...

Here is a question from a reader with an answer, concerning Rising Rates and the Bubble !

We recently received a question from someone who was actively looking to buy a home in the Ottawa South area and was worried about "The Bubble" and rising mortgage rates.

The actual question was ...